RPX (NASDAQ:RPXC) Receives Daily News Sentiment Rating of 0.12

Media stories about RPX (NASDAQ:RPXC) have trended somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. RPX earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 45.7423136520588 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

A number of brokerages have recently commented on RPXC. Barclays increased their price objective on RPX from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, October 31st. Robert W. Baird reissued a “buy” rating and set a $15.00 price objective on shares of RPX in a report on Wednesday, November 1st. Zacks Investment Research lowered RPX from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, BidaskClub lowered RPX from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $14.25.

Shares of RPX (RPXC) traded down $0.32 during mid-day trading on Friday, hitting $13.26. The company’s stock had a trading volume of 158,200 shares, compared to its average volume of 359,475. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.54 and a quick ratio of 2.54. RPX has a 52 week low of $10.41 and a 52 week high of $15.15. The company has a market cap of $672.57, a P/E ratio of 36.83 and a beta of 1.38.

RPX (NASDAQ:RPXC) last posted its earnings results on Monday, October 30th. The business services provider reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The business had revenue of $85.70 million during the quarter, compared to the consensus estimate of $82.70 million. RPX had a return on equity of 5.16% and a net margin of 5.53%. RPX’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS.

In other RPX news, CFO David James Anderson sold 5,000 shares of RPX stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $12.98, for a total value of $64,900.00. Following the completion of the transaction, the chief financial officer now owns 12,756 shares in the company, valued at approximately $165,572.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.52% of the stock is owned by company insiders.

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About RPX

RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services. It operates through two segments: patent risk management and discovery services.

Insider Buying and Selling by Quarter for RPX (NASDAQ:RPXC)

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